Tag Archives: Emmanuel Macron

Smarkets: Macron holds 95% lead as Le Pen eyes biggest shock in political betting history

SBC News Smarkets: Macron holds 95% lead as Le Pen eyes biggest shock in political betting history

On Sunday 24 April, the French electorate will once again head to voting stations to decide the outcome of the General Election run-off between President Emmanuel Macron and Marine Le Pen. The build-up to the Presidential run-off has been closely monitored by political observers across the globe, as France’s underwhelmed electorate could well vote in far-right Marine Le Pen – …

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French racing secures ‘conditional approval’ on restart programme

SBC News French racing secures 'conditional approval' on restart programme

French horseracing will be allowed to return this May, operating its schedule and track meetings on a ‘conditional basis’ granted by France’s Ministry of Agriculture. Last week, Edouard de Rothschild – President of France Galop – and LeTrot counterpart Jean-Pierre Barjon presented French racing’s action plan to resume fixtures on 11 May behind closed doors. Underlining that races would be held under …

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France Galop eyes May return for French Racing

SBC News France Galop eyes May return for French Racing

France Galop, the governing body of French horseracing, is awaiting government approval to restart its racing schedule behind closed doors. Updating the media, France Galop seeks to resume its track meetings in May following the enforced suspension of all French professional sports on 17 March, complying with the government’s national lockdown orders. This weekend, President Emmanuel Macron confirmed that France’s …

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FDJ secures ‘favourable’ €380m loan to repay French state duties

SBC News FDJ secures 'favourable' €380m loan to repay French state duties

Française des Jeux (FDJ) has secured access to a €380 million syndicated loan, in which funds will be utilised to repay the French state’s agreed 25-year national lottery operating concession. Prior to becoming a publicly listed enterprise by floating on the Paris Euronext Exchange last November, the French government had granted FDJ a 25-year extension on its existing national lottery …

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En Marche maintains FDJ sale agenda but strategy remains unclear

SBC News En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

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En Marche appoints banking collective to table an FDJ IPO

SBC News En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

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France Galop joins efforts to raise funds for Notre-Dame

SBC News France Galop joins efforts to raise funds for Notre-Dame

French racing body France Galop has joined in efforts to raise funds for the reconstruction of the Notre-Dame cathedral after a fire destroyed parts of the building on Monday evening. The governing body’s president, Edoard de Rothschild, has announced that the Prix du President de la Republique will be renamed for this weekend’s meeting at Auteuil, with all proceeds going …

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En Marche faces rocky road in pursuit of FDJ sale

SBC News En Marche faces rocky road in pursuit of FDJ sale

France’s Senate has revealed that it will review the proposed sale of state-owned assets Française des Jeux (FDJ) and Aéroports de Paris (ADP) this April. The decision follows the approved passage of the ‘PACTE Loi’ mandate, which seeks to implement the En Marche government’s headline ‘Enterprise and Innovation’ programme, which will move to privatise a number of French public firms and …

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En Marche to sell FDJ on the condition that France revamps gambling regulatory framework

SBC News En Marche to sell FDJ on the condition that France revamps gambling regulatory framework

As anticipated, Emmanuel Macron’s En Marche government has confirmed that it will privatise French state-owned gambling and lottery operator Francaise des Jeux (FDJ). However, FDJ’s sale comes with several strings attached, as the French Assembly demands that En Marche moves to restructure France’s national gambling regulatory framework. As a key initiative of Macron’s ‘France enterprise and innovation program’, En Marche will …

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